‼July 31 ‼

BTC Market Analysis + Today's Crypto News
1. US stock market trends:
--Last night, the Federal Reserve's big move went against the president, and the willingness to cut interest rates in September has decreased again. When Chairman Powell spoke, U.S. stocks suddenly plummeted, but they bounced back slightly and closed within the trendline at the end of the session. The daily trend remains strong, giving a thumbs up to the great beauty.
2. #BTC Trend:
--There was also a sudden drop during the day, but before the market closed at 8 o'clock, the daily 12-hour trend line still faced significant pressure and could not break through. Today's upper pressure is at 121058, which we continue to monitor. As time goes by, the trend line will reach around 124000. We will observe if BTC can surge to this height, at which point we can short it. Patience is required. The downtrend to 114892 from yesterday is still valid and strong, but it quickly recovered at the close, and it still cannot break 114892.
3. #ETH Trend:
--Adjust as the main focus, the important pressure these days is still around 4000-4100. Previously, there was significant resistance at the weekly level triple top. The daily trend line repaired and closed above, pay attention to not breaking the daily trend line, still bullish as long as it holds, with limited movement space, observe more and act less.
4. Market #BTC current key support level:
Current core interval reference:
• Upper pressure: resistance around 119224, support around 115964. Key position of the converging triangle, still paying attention to the upward pressure of the 12-hour trend line, be cautious with long positions, and do not over-leverage in the gamble. Wait for entry for short positions.